Oil companies are doing well as oil prices are rising. |
The decline of oil prices will weigh on the market in the short term. BP Plc's results yesterday and geopolitical tensions are contributing. |
The stock is falling in line with telecoms in Europe and also because there was speculation of a profit warning from the company. I don't think the speculation is grounded. |
We're seeing a general slowdown in earnings growth. That makes me more cautious on the outlook for stocks this year. |